Updated Dec 4, 2024
NAI Greywolf Facilitates $9.3M Sale Of Mayfair Apartments In Milwaukee
5292 North Lovers Lane Road
$9,300,000
Units
134
Asset Type
MultiFamily
Closing
Oct 27, 2023
About this deal
AI
The Mayfair Apartments in Milwaukee, located at 5292 North Lovers Lane Road, have been sold for $9.3 million. The multifamily property features 134 units with one- and two-bedroom layouts. With a per unit price of $69,403, this transaction represents a significant investment in the Milwaukee market.
Summary of transaction details
- Property Type: Multifamily
- Sale Price: $9,300,000
- Units: 134
- Price per Unit (PPU): $69,403
- Date: October 27, 2023
- Market: Milwaukee, WI
The sale of the Mayfair Apartments was facilitated by NAI Greywolf, a prominent brokerage firm in the area. The transaction was handled by brokers Katrina Gee and Thomas Gale from NAI Capital. Their expertise and experience in the Milwaukee market played a crucial role in the successful completion of this deal.
Players
Milwaukee MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
1.71%
Cash-on-Cash
-0.49%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93